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    Computing cash flows from operating activities- indirect method

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    Computing cash flows from operating activities- indirect method:
    Street cellular accountants have assembled the following data for the year ended june 30, 2012:

    Cash receipt from sale of land 29,000 Net income 64,000
    Depreciation expense 19,000 Purchase of equipment 44,000
    Payment of dividends 5,700 Decrease in current liabilities 7,000
    Cash receipt from issuance of Increse in current assets
    common stock 16,000 other than cash 13,000


    1. prepare the operating activities section using the indirect method for street cellular's statement of cash flows for the year ended june 30, 2012.

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    Street Cellulars Company
    Statement of Cash Flows- Indirect Method
    For the Year Ended December 30, 2012
    Cash Flows from Operating Activities:
    Sources of cash:
    Net ...

    Solution Summary

    The expert computes the cash flows from operating activities using the indirect method.